Form 4: Lear Corp Executive Reports Stock Transactions

Harry Albert Kemp, SVP, CAO & General Counsel of Lear Corp, reports acquisition of shares through performance share settlement and disposition of shares to cover tax obligations.

Summary

• On February 13, 2025, Harry Albert Kemp, SVP, CAO & General Counsel of Lear Corp, reported transactions involving Lear Corp common stock.
• Kemp acquired 5,844 shares of common stock through the settlement of non-derivative performance shares granted under the 2019 Lear Corporation Long-Term Stock Incentive Plan.
• These performance shares relate to the three-year performance period ending December 31, 2024.
• Kemp also disposed of 2,550 shares of common stock at a price of $96.32 per share to satisfy tax withholding requirements.
• Following these transactions, Kemp directly owns 15,277 shares of Lear Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are standard and related to compensation and tax obligations. There is no indication of unusual activity or concern.

Positives

• The acquisition of shares through performance share settlement indicates that performance goals were met, which could be viewed positively.

Negatives

• The sale of shares to cover tax obligations could be interpreted as a need for liquidity, although it is a common practice.

Industry Context

Executive stock transactions are a normal part of corporate governance and are routinely monitored by investors to gauge management's sentiment and alignment with shareholder interests. Form 4 filings are a standard requirement by the SEC to ensure transparency in these transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Lear Corp, Stock Transaction, Form 4, Executive Compensation, Performance Shares, Tax Withholding, Beneficial Ownership, LEA